Hanlon Investment Management Inc. Increases Stake in Walmart Inc. (NYSE:WMT)

Hanlon Investment Management Inc. grew its position in Walmart Inc. (NYSE:WMT) by 8.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,246 shares of the retailer’s stock after purchasing an additional 496 shares during the quarter. Hanlon Investment Management Inc.’s holdings in Walmart were worth $504,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of WMT. WFA Asset Management Corp boosted its position in shares of Walmart by 201.0% during the first quarter. WFA Asset Management Corp now owns 2,092 shares of the retailer’s stock worth $126,000 after acquiring an additional 1,397 shares during the last quarter. Strategic Advisors LLC boosted its position in shares of Walmart by 36.4% during the first quarter. Strategic Advisors LLC now owns 9,728 shares of the retailer’s stock worth $585,000 after acquiring an additional 2,597 shares during the last quarter. American Institute for Advanced Investment Management LLP boosted its position in shares of Walmart by 189.6% during the first quarter. American Institute for Advanced Investment Management LLP now owns 6,560 shares of the retailer’s stock worth $395,000 after acquiring an additional 4,295 shares during the last quarter. Benchmark Financial Wealth Advisors LLC boosted its position in shares of Walmart by 243.0% during the first quarter. Benchmark Financial Wealth Advisors LLC now owns 8,144 shares of the retailer’s stock worth $490,000 after acquiring an additional 5,770 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC raised its stake in Walmart by 221.5% during the first quarter. Ashton Thomas Private Wealth LLC now owns 106,363 shares of the retailer’s stock valued at $6,400,000 after purchasing an additional 73,279 shares in the last quarter. 26.76% of the stock is currently owned by institutional investors.

Insider Activity

In related news, major shareholder S Robson Walton sold 4,057,369 shares of Walmart stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $77.20, for a total value of $313,228,886.80. Following the completion of the sale, the insider now directly owns 611,988,318 shares in the company, valued at $47,245,498,149.60. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, major shareholder S Robson Walton sold 4,057,369 shares of Walmart stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $77.20, for a total value of $313,228,886.80. Following the completion of the sale, the insider now directly owns 611,988,318 shares in the company, valued at $47,245,498,149.60. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Alice L. Walton sold 2,709,163 shares of Walmart stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $77.37, for a total transaction of $209,607,941.31. Following the completion of the sale, the insider now owns 630,501,148 shares of the company’s stock, valued at $48,781,873,820.76. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 12,334,337 shares of company stock worth $958,577,287. Corporate insiders own 45.58% of the company’s stock.

Walmart Stock Up 0.3 %

Shares of Walmart stock opened at $82.45 on Tuesday. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.80 and a quick ratio of 0.22. Walmart Inc. has a 1 year low of $49.85 and a 1 year high of $83.34. The firm’s 50-day moving average is $79.93 and its two-hundred day moving average is $71.41. The stock has a market cap of $662.75 billion, a price-to-earnings ratio of 42.87, a PEG ratio of 4.12 and a beta of 0.51.

Walmart (NYSE:WMT) last issued its earnings results on Thursday, August 15th. The retailer reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.02. Walmart had a net margin of 2.34% and a return on equity of 21.72%. The company had revenue of $169.30 billion for the quarter, compared to analysts’ expectations of $168.56 billion. During the same period in the prior year, the business earned $0.61 EPS. The firm’s quarterly revenue was up 4.7% on a year-over-year basis. As a group, research analysts expect that Walmart Inc. will post 2.44 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on WMT shares. Wells Fargo & Company upped their price target on shares of Walmart from $88.00 to $90.00 and gave the company an “overweight” rating in a research note on Thursday, October 31st. Guggenheim upped their price target on shares of Walmart from $81.00 to $90.00 and gave the company a “buy” rating in a research note on Monday, October 28th. Evercore ISI upped their price target on shares of Walmart from $82.00 to $85.00 and gave the company an “outperform” rating in a research note on Tuesday, October 22nd. Citigroup upped their price target on shares of Walmart from $75.00 to $98.00 and gave the company a “buy” rating in a research note on Friday, September 27th. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $83.00 price target (up previously from $81.00) on shares of Walmart in a research note on Friday, August 16th. One analyst has rated the stock with a hold rating, twenty-nine have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, Walmart has a consensus rating of “Buy” and an average target price of $83.89.

About Walmart

Walmart Inc engages in the operation of retail, wholesale, other units, and eCommerce worldwide. The company operates through three segments: Walmart U.S., Walmart International, and Sam's Club. It operates supercenters, supermarkets, hypermarkets, warehouse clubs, cash and carry stores, and discount stores under Walmart and Walmart Neighborhood Market brands; membership-only warehouse clubs; ecommerce websites, such as walmart.com.mx, walmart.ca, flipkart.com, PhonePe and other sites; and mobile commerce applications.